They live from trade and travel the world 20 years ago: the family who traveled 65 countries by boat thanks to financial speculation

Can you imagine leaving everything to live a nomadic life? This American couple have been nurturing and touring the world for over 20 years. But what could be the dream of many requires a lot of effort and perseverance.

The protagonists of this story are Patrick and Ali Schultethat in their early years together they lived in the traditional way in Chicago, going to work every day and with a large apartment. Patrick was in the investment world, while Ali was a secretary in a law firm.

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The family who traveled 65 countries by boat thanks to financial speculation

“Our life was pretty simple. We lived downtown and walked everywhere. We had our favorite pizzeria,” Patrick commented. A meeting a Business Insider.

Patrick and Ali They’ve been a couple since they were 16. and at 28, when everyone expected them to start a family and move into a house on the outskirts of town, they decided that this way of life was not what they wanted.

The plan was totally new to both of them: neither of them had any sailing experience and, in fact, they had never traveled very far.

Around this time, in late 2002, Patrick approached Ali about a change. They were drinking beer your favorite pizzawhen Patrick approached his girlfriend with the idea of ​​quitting their job and having a few mini vacation to navigate the world. The plan was to stop work temporarily, live off your savings and return to work when they run out.

The plan was totally new to both of them: neither had any sailing experience and, in fact, had never traveled very far. “If we were driving from Minnesota to Wisconsin, we already considered that one hell of an adventure,” Patrick said.

A challenge and a life changer

So and all decided to venture out. They took a year to plan and sell all of their possessions, including their apartment, and they bought a 10 meter catamaran in Florida. At that time, Patrick had been trading in the Chicago Board of Trade’s soybean options market (the oldest futures and options market in the world) for 3 years. Patrick did not work for any entity, he invested for himself, so he gave himself a salary of around 23,000 euros per year, and saved the rest of the benefits. Besides Ali’s salary, they had enough to pay the mortgage and live simply.

In November 2003, a year after their conversation with Lou Malnati, are already living on their boat in the Bahamas.

Their savings were enough to last a few years without working, so they sailed from the Bahamas to Panama and then across the Atlantic to Europe.

Life inside the ship.

Living on the boat cost them around 3,000 euros per month, and they were very careful with their expenses: “We kept our finances down to the smallest detail. We recorded every penny we spent, filed it and tracked it,” Patrick said.

They knew the savings wouldn’t last forever, so the original plan was to return to Chicago when the money ran out. However, they fell in love with this lifestyle, so they did their best to keep traveling. Eventually, the trip was extended to four years as savings ran out.

For him 2007 everything related to the investment world was digitized. “Things had changed. My job in Chicago no longer existed: everything had moved online,” Patrick told Business Insider. So they started thinking about new ways to pay for their trips.

From ship to truck

They changed the water along the course. They sold their boat and bought a 1958 Volkswagen truck. Patrick wrote a book called confused on its navigation around the world and has published articles for various magazines. This allowed them to gain something, but not enough. So he focused on trading, something he could do from his new home on wheels: “I couldn’t be active every day, but when we stayed in one place for a while, I would go line and I was trading.”

The couple have two children.

To be a good trader, he says, you have to put your emotions aside. “One of the first things we learn is that the market won’t care about you. You have to be impassive, not get carried away by losses and move on to the next operationAlthough it is a job that requires skill, Patrick says that “sometimes you win and sometimes you lose”.

As Patrick and Ali’s travel blog grew in readership, more people started asking them how to fund a lifestyle on the go. This led Patrick to publish his second book, Living on the edge. The questions kept coming, which is why I founded Wanderer Financial with a partner, a company that helps people finance their own nomadic lifestyle. They offer annual subscriptions for people who want to actively grow their portfolios through active investing.

Part of the reason Patrick and Ali have been able to maintain their lifestyle on the road is that they’ve learned to live with less. When they moved to the catamaran, there wasn’t much room. “When you live in a small place, you can’t accumulate much. It completely eliminates the idea of ​​shopping and buying things on a whim,” they said.

As the readership of Patrick and Ali’s travel blog grew, more and more people started asking them how to fund a lifestyle on the go. This led Patrick to publish his second book, Live on the Margin. The questions kept coming, which is why I founded Wanderer Financial with a partner, a company that helps people finance their own nomadic lifestyle.

The couple have a 12-year-old daughter and a 10-year-old son, and theyThey have very few possessions, which allows them to save money and be flexible. “We pack 6 suitcases and leave the country,” explains Patrick, who claims to have traveled to more than 65 countries.

Today They live on a boat docked in Aruba. and plan to sail to Panama in the next 2 months. “If you want to lead a similar, minimalist life on the road, It all starts with a good understanding of your finances and what you are willing to sacrifice,” concludes Patrick.

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